Managed to close this trade with 80 pips profit after holding onto it for 9 days. There were no SL and this is the most daring of all my trades so far. In fact I went it against the market trend. And at one point the trade went as far as -350 pips. It does not justify the risk you have to take when only got 80 pips profit. At that point, I was running out of strategy, idea and motivation. Should have stop for a while, I guess.
2 comments:
One thing... you know its counter trend, and yet you went into the trade. Is that the right thing to do? Good that eventually you managed to harvest 80pips. But what if the trend continued and never came back to positive region?
Yes, probably you need to stop trading for a while and just practise backtesting until you have fixed your trade psychology.
Just my observation and hope to help, please don't get offended.
thank you for your comment. I am cutting down the trading volumes at the moment. There will be less posting.
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